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French company Iliad bidding for T-Mobile US
French company Iliad bidding for T-Mobile US

T-Mobile US Inc. has another suitor. Upstart French telecom company Iliad on Thursday said it has offered $15 billion for a majority stake in the fourth-largest U.S. cellphone company. Iliad is injecting itself into the courtship of T-Mobile by Sprint Corp., the No. 3 U.S. cellphone carrier. Sprint has reportedly been in talks with T-Mobile for months, but no deal has been announced. Analysts say U.S. regulators are likely to block the T-Mobile-Sprint pairing because of concerns that it would reduce competition and thus raise prices for consumers. Iliad is much smaller than T-Mobile and doesn't have the financial might to buy the whole company. It's offering $15 billion in cash...

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